Replication data for: Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications

Gabriel Jiménez, José-Luis Peydró, Jesús Saurina & Steven Ongena
We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset with loan applications from Spain. Accounting for time-varying firm heterogeneity in loan demand, we find that tighter monetary and worse economic conditions substantially reduce loan granting, especially from banks with lower capital or liquidity ratios; responding to applications for the same...
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